Fitch Ratings warns investment managers face 'deteriorating' outlook in 2024

‘Tough investment climate’

Elliot Gulliver-Needham
clock • 2 min read

Fitch Ratings has warned that the outlook for global investment managers is “deteriorating” due to increased macroeconomic and geopolitical risks, as well as an impending US government shutdown.

In the last year, the sector has seen one traditional investment manager, Anima Holding, upgraded from BBB- stable to BBB- positive, while one alternative investment manager, EQT, was upgraded from A- negative to A- stable. Two alternative investment managers, Fortress Investment Group and Investcorp, saw its ratings downgraded by Fitch, from BB positive to BB stable and BB stable to BB negative, respectively. Fitch said traditional and alternative investment managers face different challenges in the year ahead, particularly as growth continues to tighten. AVI Global sees 'fertile ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Companies